2902 W Deyoung St | Marion, IL 62959
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2902 W Deyoung St
Marion, IL 62959
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The subject property is leased to Cellco Partnership dba Verizon Wireless, a subsidiary of Standard & Poor’s “BBB+” rated Verizon Communications, Inc
- Long term triple-net (NNN) lease with no landlord responsibilities and a 15% rent increase every 5 years in the option periods
- Verizon Wireless extended their lease early for an additional 7 years and has successfully operated at this location since 2000
- The Subject Property is Shadow Anchored by Target, Home Depot and a Walmart Supercenter
- Outparcel to the massive mixed-use redevelopment project of the former 600,000 square foot Illinois Star Centre Mall
- The property has a unique and appealing modern building design with an abundance of glass
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,320 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.85 AC
PROPERTY TAXES
| Parcel Number | 06-10-301-038 | Improvements Assessment | $208,800 |
| Land Assessment | $102,250 | Total Assessment | $311,050 |
PROPERTY TAXES
Parcel Number
06-10-301-038
Land Assessment
$102,250
Improvements Assessment
$208,800
Total Assessment
$311,050
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